Group 1: IPO Details - Brazilian digital bank PicPay has launched its initial public offering (IPO), targeting a valuation of $2.5 billion and seeking to raise up to $434.3 million [1] - The offering consists of approximately 22.9 million Class A common shares, priced between $16 and $19 each [2] - Citigroup, BofA Securities, and RBC Capital Markets are the primary coordinators for the IPO, with several other firms acting as bookrunners and co-managers [3] Group 2: Company Overview - PicPay is Brazil's second-largest digital bank by customer base, focusing initially on instant payments and QR code transactions before expanding its services [3][4] - The platform had over 66 million registered users by Q3 2025, with 42 million active users during that period [4] - For the first nine months of 2025, PicPay reported combined revenue and financial income of 7.3 billion reais (approximately $1.37 billion) and a net profit of 313.8 million reais (around $59 million) [5]